Kinard, Florida Property Taxes
The median property tax rate in Kinard, FL is 1.05%, slightly higher than the national median of 0.99% but lower than the Florida state median of 1.14%. With the median home value in Kinard, the typical annual property tax bill is $427, significantly below the national median of $2,690. Property taxes in Kinard are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Kinard's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kinard or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kinard, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$468
$443
Ownwell’s Kinard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kinard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kinard to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Kinard, Florida
Property taxes in Kinard, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kinard is 1.05%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Kinard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kinard estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Kinard's effective property tax rate to other counties in Florida and the national median. For comparison, the 32449 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Kinard provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kinard Tax Rate
1.05%
Average Calhoun County Tax Rate
0.84%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kinard, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32449 | 0.13% | 0.48% | 1.05% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Kinard, Florida
In Kinard, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Calhoun County Property Appraiser for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Kinard, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Kinard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 32449, at $427.
Average Kinard Assessed Value
$44,611
Average Calhoun County Assessed Value
$61,907
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kinard, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32449 | $15,833 | $24,942 | $44,611 | $88,256 | $174,826 |
Source: Ownwell
Property Tax Bills Across Kinard, Florida
In Kinard, Calhoun County, FL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which is determined by the county's property appraiser. Factors such as property size, location, and any improvements made can influence the assessed value. For instance, the median home price in Kinard is $44,611. Homeowners in Kinard can expect a wide range of tax bills. The 25th percentile tax bill is around $173, while the 75th percentile tax bill reaches $982, and the 90th percentile tax bill can go up to $1,944. The highest and lowest median tax bill in the area is $427. Comparing these figures to the national median property tax rate of 0.99%, homeowners in Kinard generally experience lower property tax bills. This can be beneficial for residents, making homeownership more affordable and potentially increasing the attractiveness of the area for new buyers.
Average Kinard Tax Bill
$427
Average Calhoun County Tax Bill
$495
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Kinard, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32449 | $63 | $173 | $427 | $982 | $1,944 |
Source: Ownwell